Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 28, 2012 16:28:51

U.S. - consumer confidence in August fell unpleasantly surprised by the most in 10 months


Consumer confidence in the U.S. watched the local Conference Board reported a decline in August to 60.6 points from July's 65.4 points. Such a decline was the biggest since October last year. Market while reckoned in diameter with a slight rise in confidence to 66 points in the range of estimates from 61 to 68th
The consumer is likely to negatively affect the latest fuel prices and uncertainty in the labor market, combined with uncertainty about the future development of the entire economy.

Index during the last 18 months recession moved on average at 53.7 points.

Index of current conditions stagnated as of July moved only 45.9 to 48.5 points.
Index expectations for the next six months fell from 78.4 to 70.5 the previous point.

The proportion of respondents expecting more job opportunities decreased from 17.6 to 15.4%. The proportion of opposite expectations increased to 23.4%, which is the highest since November.
Share expected drop in revenue in the next 6 months rose to 10-month peak at 16.8% compared to July's 14.9%. 52.3% of respondents said that the market is not enough jobs.
The proportion of respondents expecting the next six months improved business conditions fell from previous 19 to 16.8%. The opposite expectations had 17.7% of respondents.
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